Article2018

Measuring family business performance: research trends and suggestions

44 citations0/0 files storedJournal of Family Business Management

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Family Business Performance and Succession Entrepreneurship Studies and Influences Accounting and Organizational Management

Abstract

Purpose Business performance measurement is vital to expanding knowledge of how various strategies and behaviors affect organization outcomes. Given the recent growth of the family business research field, it is appropriate to assess how researchers measure family business performance, seeking to provide thoughts related to how to improve family business performance measurement in research. The paper aims to discuss these issues. Design/methodology/approach This study applies a systematic approach to review 338 family business performance studies published in peer-reviewed journals from 1980 through 2015. Findings Observations are presented from this exhaustive review, including the expansion of the family business research field, types of journals publishing family business studies, research topics, types of measures utilized, and others. In addition, potential gaps are identified and possible solutions are presented. Originality/value It appears no review of family business performance measurement in research is available. Observations from this review may assist researchers in measuring a vital metric, family business performance.

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References

2003Towards a Methodology for Developing Evidence‐Informed Management Knowledge by Means of Systematic Review 1996Using the balanced scorecard as a strategic management system 2007Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills 1986Measurement of Business Performance in Strategy Research: A Comparison of Approaches 1984Measuring organizational performance in the absence of objective measures: The case of the privately‐held firm and conglomerate business unit 2012Socioemotional Wealth in Family Firms 2003Managing Resources: Linking Unique Resources, Management, and Wealth Creation in Family Firms 2001Agency Relationships in Family Firms: Theory and Evidence

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